AL-KHODARI POSTPONES SURPLUS EQUIPMENT AUCTION TO EARLY 2014

With reference to the earlier announcement of 1/9/2013 concerning the auction of the surplus equipment to be held during 24-26 December 2013, Abdullah A. M. Al-Khodari Sons Company announces that due to the expectations to achieve markedly better financial results by holding the auction in the first quarter of the financial year 2014, therefore, the Company agreed with Abdullah Fouad Holding Company (Auction Division) to postpone this auction to be conducted in Q1- 2014. The Company will temporarily re-use some of the equipment and machinery in some projects to accelerate the work in these projects. A further announcement will be made of the date the auction shall be held.